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Last December I had a subprime loan not go through underwriting with an approval. It was awkward for me since I pride myself on being thorough. The start reality is that it was the start of the meltdown of subprime mortgage companies.

The Denver Post explores this issue in depth:

Gone are the days of easy loans. Foreclosures and a subprime loan-market meltdown have left buyers scrambling to ante up.

The article is full of stories from buyers, sellers, investors, et.al. who have been impacted by the credit crunch.

Read the full article: BUYERS: Lenders tighten loan standards

The article is fairly accurate

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